HELP! Team Morale is Low
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1:1 WITH BIANCA LAGER
AND GUEST!!
Bianca Lager helps business leaders through tricky situations.
QUESTION OF THE WEEK?
"I’m a COO of a 7-year old start up (is that still a start up? lol) and a quarter ago we found out some tough news about one of our largest clients. Basically we are losing revenue so we have had to get cash scrappy. I'm really good at this kind of thing since I have a history with shoe string budgets in small businesses and I get along well with the CFO so we recommended some ideas together. My problem is how the CEO has decided to communicate these changes to the team (or lack thereof). We're on a "need-to-know" basis so sometimes he cuts thing out without me know that even affect my own team and I'm stuck scrambling with an explanation I don't have. I know this has also affected our client facing teams too and sometimes I find stuff out last minute that I know will be a huge deal to certain reps. Our CEO's philosophy is to wait and see what people complain about before we react. That seems crazy!! He doesn't want to freak out the staff by announcing these budget cuts or at least not more than we have to. But my team trusts me and they tell me that everyone whispers and now, everyone’s worried about job security, and morale is low. I’ve noticed a dip in productivity, and a few of my employees are openly job hunting. The truth is, they SHOULD BE job hunting but I want to keep everyone motivated, and I’m not sure how to be honest about the financial situation without making them panic and annoying the CEO since I could also be on the chopping block and this job economy does not look fun! I would appreciate any advice on how to handle this as it feels like an ethical and a business dilemma. Is there any hope for us?"
1:1 AGENDA NEXT WEEK:
?My turn to ask some questions! Next week, I'll send you the replay of my live chat TODAY with Valerie.
Details below ????
??? LINKEDIN LIVE TODAY ???
Mastering Delegation:
Insights With CEO and Founder of Chatterboss Valerie Trapunsky
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??? Tuesday, Oct 22
? 2pm ET / 11am PT
?? Bookmark the event, we'll be live here on LinkedIn ?
领英推荐
Join us for an exclusive conversation with Valerie Trapunsky, CEO of ChatterBoss and author of Delegation Nation. Discover Valerie’s inspiring entrepreneurial journey and learn actionable strategies to grow and scale your business through effective delegation.
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And that's a wrap on the 47th edition of Fundamentals At Work brought to you by BLINC, a weekly newsletter with success tips on career management and team building alongside quick recaps of the week's most interesting business news and career stories from fellow subscribers.
Until then, enjoy your success. You earned it ??
TTYL,
B
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Human design architect for high-performance teams and visionary leaders | Founder @ ChatterBoss | Author | Keynote Speaker | Leading Voice on Delegation and Executive Assistants
1 个月So excited for this Bianca Lager!!
Recruitment Ninja ?? Chief Shinobi @Verify360
1 个月7 years is like 47 years in the corporate world! How very wise you are now, Bianca... :)